2018 home sales update for greater Cincinnati.

The number of homes for sale continues to decline. After a few good listing months in late summer/early fall of 2018 Cincinnati has fewer homes for sale than last year at this time.

Comparing the average sale price for single-family homes during 2017 ($207,582) to 2018 ($220,878) our area experienced an increase of +6.1%. The median sale price for 2017 was $167,500 versus $179,900 for 2018. A +7% increase. The median price is rising at a slightly higher pace than the average sale price- one way to look at affordability.

December home sales were down -10.7% compared to December 2017. The sales decline may signal a slight slowdown in the housing market.

This entry was posted on Monday, January 14th, 2019 at 12:08 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed.
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